Overview
What is Wesley Stage Park Inc?
Wesley Stage Park Inc, established in January 1998 in accordance with Tennessee's not-for-profit statutes, is a dedicated organization with a mission to serve the needs of elderly individuals with low income. Located in Memphis, Tennessee, the nonprofit operates a 66-unit community named Wesley Stage Park, which is specifically designed to provide housing and related services in adherence to Section 202 of the National Housing Act. The primary goal of this community is to offer a supportive environment that caters to the unique needs of its elderly residents, thereby enhancing their quality of life.
Official website here: www.wesleyliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Wesley Stage Park Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization achieved an overall score of 82%, which reflects its commitment to responsible financial management. Notably, it has a perfect score for having a majority of independent board members, as well as strong policies in place regarding conflicts of interest and whistleblowing.
Strengths of the organization include a high program expense ratio of 83.51%, demonstrating that a significant portion of its resources is directed toward its programs. The organization also scores well in areas such as transparency, with all necessary documentation available, including board meeting minutes and a clear conflict of interest policy. This suggests that Wesley Stage Park Inc operates with a high level of integrity and accountability.
On the downside, the organization does have one significant concern reflected in its liabilities to assets ratio of 164.10%, which may indicate potential financial risk. While the organization excels in many areas of fiscal responsibility, this aspect may warrant further investigation by potential donors or stakeholders. Overall, Wesley Stage Park Inc appears to be a well-managed nonprofit with room for improvement in its financial structure.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Stage Park Inc legitimate?
Wesley Stage Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Stage Park Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,861
For more financial information, click here
Official website here: www.wesleyliving.com
What is the mission statement of Wesley Stage Park Inc?
Wesley Stage Park Inc, established as a not-for-profit corporation in 1998, was formed with the primary objective of operating a 66-unit community, known as Wesley Stage Park, providing housing and related services for elderly individuals with very low income. This is in accordance with Section 202 of the National Housing Act, which has been amended. The mission of Wesley Stage Park Inc is to serve this specific population, ensuring they have access to suitable housing and necessary services.
Official website here: www.wesleyliving.com
Who is the CEO of Wesley Stage Park Inc?
Brian Harris is the Non-Voting Ceo of Wesley Stage Park Inc. The CEO's salary of Wesley Stage Park Inc is $0 and their total compensation is $0.
Official website here: www.wesleyliving.com
What is the revenue of Wesley Stage Park Inc?
Wesley Stage Park Inc's revenue in 2022 was $494,459.
Official website here: www.wesleyliving.com
Who are the executives of Wesley Stage Park Inc and what are their salaries?
There 12 volunteers at Wesley Stage Park Inc.
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Official website here: www.wesleyliving.com
Where can I find the form 990 for Wesley Stage Park Inc?
Wesley Stage Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesleyliving.com
Learn more at the official website: www.wesleyliving.com
Mission Statement of Wesley Stage Park Inc
Wesley Stage Park Inc, established in accordance with Tennessee's not-for-profit statutes in 1998, is dedicated to serving the needs of elderly individuals with very low income. The organization's primary objective is to operate a 66-unit community, known as Wesley Stage Park, which provides both housing and related services. This community operates under Section 202 of the National Housing Act, aiming to offer a secure and supportive environment for its elderly residents. The mission of Wesley Stage Park Inc is to enhance the quality of life for its elderly residents, ensuring they have access to essential housing and related services.
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Impact
July, 2024
Wesley Stage Park Inc's impact lies in providing housing and related services for very low-income elderly persons in the Memphis, Tennessee area through its operation of a 66-unit community known as Wesley Stage Park. This organization plays a crucial role in addressing the housing needs of a vulnerable population, contributing to the well-being and quality of life of elderly individuals with limited financial resources. By offering affordable housing and essential services, Wesley Stage Park Inc supports the dignity and stability of its residents, promoting a sense of community and security among those it serves.
This information is meant to be a general summary of Wesley Stage Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $742
- Program Service Revenue: $258,418
- Gross Receipts: $494,459
Assets and Liabilities:
- Total Assets: $2,293,496
- Total Liabilities: $3,763,744
- Net Assets: -$1,470,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$258,418
Organization Details
Founding Year
1998
Phone
(901) 380-4900Principal Officer
Brian Harris
Main Address
1615 APPLING ROAD, CORDOVA, TN, 38016
Website
www.wesleyliving.comNTEE Category
Code: L20Z - Housing
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